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In the last two years the number of exists has fallen by 40 per cent and the total amount of VC funding is down 50 per cent, according to new research by NESTA.

GE’s $200M call for entrepreneurs to bring their smart grid technologies is also a challenge to the whole system of research, development and innovation in Europe.

Today in Munich, GE calls on European researchers and innovators: Pitch in your ideas to a €160 million open innovation challenge, and help build the electricity grids of the future.

Today in Munich GE launches a $200M venture fund for smart grid technology. Can this also help electrify Europe’s innovation machine?

Smart grids are the route to tapping solar and wind power, guaranteeing energy security, and delivering on the EU’s carbon emission targets. But can they be delivered?